According to Curbed.com, Hispanics increasingly make up what is considered the typical American homebuyer. Hispanics are expected to represent 52 percent of new homebuyers between 2010 and 2030, primarily driven by the country’s 14.6 Hispanic millennials.

From the year 2000 to present, the number of Hispanic households has increased by 6.7 million, which makes up 42.5 percent of the country’s overall household growth. Hispanics’ strong desire to own a home has driven home buying by Latinos across the United States, according to housing market experts.

“The fact is the majority of Latinos want to be homeowners and will make up half of all new home buyers in the next 20 years,” Scott Astrada, Director of Federal Advocacy at the Center for Responsible Lending, told NBC. “They have a central place in the housing market and finance system,” Astrada added.

Harvard University Joint Center for Housing Studies’ “State of the Nation’s Housing” study forecasts that minorities overall will drive three-quarters of the gains in U.S. households. Latinos will likely account for one-third of those increases alone.

Hispanics currently make up 17 percent of the U.S. population. Hispanics are expected to make up the largest segment of the Texas population by 2020 and comprise a prime source of population growth in California too.

“With credit remaining tight and limited housing inventory in several markets, these numbers are extremely encouraging and a testament to the economic resilience of the Hispanic community,” says Joseph Nery, 2016 president of the National Association of Hispanic Real Estate Professionals.

Real estate analysts say they view this market demographic as one of the major growth engines for the American housing and real estate industries.

But there are plenty of challenges that could jeopardize Hispanics making a larger imprint on the real estate industry. The Great Recession had a large impact on their savings, wiping out an estimated two-thirds of Latino wealth. NAHREP urges that this population would benefit from expanding access to affordable lending products with low downpayment requirements.

NAHREP cites stats that show Hispanics were denied loans at a rate of 17.3 percent, which is 9 percentage points higher than the denial rate for non-Hispanic whites. Also, NAHREP warns that deportations and immigration policies could have an impact on the Hispanic housing market. A 2016 study linked deportations to increased foreclosure rates among Hispanic households.

With all factors in mind, the overall current situation remains: Hispanic homeownership is helping to fuel the United States residential real estate market and this effect is expected to continue.

The housing market remained on a positive path for Florida in August, with a higher number of closed sales, higher number of pending sales, increased number of new listings and increasing median prices, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 25,235 for August, representing an increase of 0.9 percent compared to August 2016.

“Housing market trends we have been seeing for months in Florida continued in August,” says 2017 Florida Realtors President Maria Wells. “More owners are deciding to enter the market and list their homes for sale, while demand from buyers continues to grow, especially for homes in the $250,000-and-under range. Homes are continuing to sell quickly, though tight inventory is putting pressure on rising median prices and creating affordability challenges for many first-time buyers,” added Wells.

“Any consumer who is looking to buy or sell a home in Florida should consult a local Realtor, who can help them understand local market conditions and be prepared to act when the right home or offer comes along.”

The statewide median sales price for single-family existing homes for August was $240,000, up 6.7 percent from the previous year, according to data from Florida Realtors Research department in partnership with local Realtor boards/associations. The statewide median price for townhouse-condo properties in August was $170,000, up 6.3 percent over the year-ago figure. August marked the 69th consecutive month that statewide median prices for both sectors rose year-over-year. The median is the midpoint; half the homes sold for more, half for less.

According to the National Association of Realtors (NAR), the national median sales price for existing single-family homes in July 2017 was $260,600, up 6.3 percent from the previous year; the national median existing condo price was $239,800. In California, the statewide median sales price for single-family existing homes in July was $549,460; in Massachusetts, it was $400,000; in Maryland, it was $296,665; and in New York, it was $270,000.

Sales of new United States homes decreased by 9.4 percent in July, representing the strongest one-month decreased in close to a year. But the decrease followed strong sales in previous months, and sales so far this year are outperforming last year’s.

The Commerce Department said Wednesday that new-home sales fell to a seasonally adjusted annual rate of 571,000 in July, down from 630,000 in June. Last month’s figure was the weakest since December.

Even so, sales in the first seven months of the year are 9.2 percent higher than in the same period last year. More buyers are turning to newly built houses as the supply of existing homes for sale has fallen consistently.

The housing market overall is healthy for the most part, but sales have stumbled this summer as a supply crunch has elevated average home prices nationwide. The increasing price levels have made homes too expensive for a number of potential buyers, even as healthy hiring has lowered the unemployment rate to a 16-year low of 4.3 percent.

Builders are ramping up the supply of new homes, providing some much needed relief. The number of newly built homes available is still below historical levels but the supply of new homes for sale increased by 1.5 percent in July from June to 276,000. That’s 16.5 percent higher than a year earlier.

That level is considered enough to last 5.8 months at the current sales pace – near the 6 months that is typical in a healthy residential housing market.

By contrast, the number of existing homes for sale decreased by 7.1 percent in June in comparison to the numbers from a year earlier. The larger supply of new homes has kept prices from rising as much as in the market for existing houses. A typical new home sold for $313,700 in July – below the $316,200 average price for all of last year.

Prices for existing homes increased by 5.6 percent in May when compared to the previous year, according to the latest data available via the S&P Case-Shiller home price index.

Sustained disproportions in supply and demand for various metro areas across the nation slightly slowed the pace of sales and caused home prices to maintain their growth in the second quarter, according to the latest quarterly report by the National Association of REALTORS® (NAR).

The national median existing single-family home price in the second quarter was $255,600 – up 6.2 percent from the second quarter of 2016 ($240,700).

2Q prices surpassed the third quarter of last year ($241,300) as the new peak quarterly median sales price.

The median price during the first quarter increased 6.9 percent from the first quarter of 2016.

Single-family home prices last quarter increased in 87 percent of measured markets, with 154 out of 178 metropolitan statistical areas1 (MSAs) showing sales price gains in the second quarter compared with the second quarter of 2016.

Twenty-three areas (13 percent) recorded lower median prices from a year earlier.

Lawrence Yun, NAR Chief Economist, says home prices in most metro areas continued to increase in the second quarter because supply remained at low levels.

“The 2.2 million net new jobs created over the past year generated significant interest in purchasing a home in what was an extremely competitive spring buying season,” says Yun. “Listings typically flew off the market in under a month ­– and even quicker in the affordable price range – in several parts of the country. With new supply not even coming close to keeping pace, price appreciation remained swift in most markets.”

Twenty-three metro areas in the second quarter (13 percent) experienced double-digit increases, down from 30 areas in the first quarter (17 percent). Overall, there were slightly more rising markets in the second quarter compared to the first quarter, when price gains were recorded in 85 percent of metro areas.

Metro area condominium and cooperative prices – covering changes in 61 metro areas – showed the national median existing-condo price was $239,500 in the second quarter, up 5.4 percent from the second quarter of 2016 ($227,200). Eighty-seven percent of metro areas showed gains in their median condo price from a year ago.

Existing-home sales in the South dipped 3.0 percent in the second quarter but are 2.5 percent higher than the second quarter of 2016. The median existing single-family home price in the South was $229,400 in the second quarter, 6.7 percent above a year earlier.

Reports indicate that the interest rate for jumbo loans, which includes loans greater than $421,100, dropped five basis points last week, averaging 3.99 percent for the week. That is now 13 basis points lower than the conforming rate, which is the largest spread between jumbo rates and the conforming rate since March 2016, according to the Mortgage Bankers Association (MBA).

“A strong appetite for jumbo loans and a highly competitive jumbo market has led to increased availability and lower pricing,” says Joel Kan, a Mortgage Bankers Association economist. Sales on the higher end of the residential real estate market are increasing, which in turn also explains the stronger demand for jumbo loans recently.

Meanwhile, insufficient levels of inventory with regard to homes for sale on the lower end are keeping applications down, according to the MBA. Total mortgage application activity – for both homeowners who are looking to refinance and those who are looking to make home purchases –decreased by 0.5 percent week over week on a seasonally adjusted basis, the MBA reported.

This marks the second consecutive week that applications have stayed in place for the most part.

Applications from homeowners looking to refinance last week showed a slight 0.3 percent increase from the previous week, but remain 38 percent lower than the same week a year ago, when rates were lower. Mortgage applications to purchase a home dropped by two percent for the week. Still, purchase applications are 9 percent higher than the same week one year ago, the MBA reports.

The 30-year fixed-rate mortgage averaged 4.12 percent last week, the lowest rate since last November.

According to a recent analysis by Zillow, home sellers spend an average of $15,190 on expenses that are common when placing a home on the market, but often overlooked. Some of those expenses include closing costs and home improvements.

An excess of 80 percent of sellers spend on home improvements prior to listing their homes, with the most popular home improvements including new carpeting, cleaning services, painting and related supplies, lawn care and staging, coming to an average of $2,658. Sellers also typically spend on closing costs, commissions to real estate professionals, and sales or transfer taxes, coming to an average of $12,532. Keep in mind that closing costs vary substantially based on location.

“One of the biggest regrets sellers have is not starting the process early enough,” says Jeremy Wacksman, Chief Marketing Officer at Zillow Group. “For those planning to sell this year, take your time to research all the costs you could be responsible for and how they may affect your profit, or even budget for your next home. Partner with a great agent who can help you understand the nuances in your market – from what taxes of closing costs you should expect, to which home renovation projects can help attract the buyer.”

“Sellers need to consider these additional, often necessary costs when planning to put their home on the market,” says Lucas Puente, Economist at Thumbtack, which also conducted the analysis. “While it’s clear these costs vary widely, often times the easiest way to ensure a home is fully prepared to be sold is to hire local, skilled professionals to help with basic home improvements.”

Enlisting the help of professionals may be an option a seller thinks is unnecessary, but the truth is that hiring someone who has experience may save the home seller time and money, as well as ensure the projects are completed properly and efficiently.

This newly listed single-family, single-level pool home located in Marbella Lakes offers three bedrooms, three bathrooms, plus a den. The entry foyer and master bedroom have grand tray ceilings. The home also offers granite countertops throughout, roll out lower kitchen cabinet shelves, custom-built in-bar buffet with a beverage refrigerator, French doors at the entryway to the den and custom walk in closets in the master bedroom. The home has southern exposure and sits on a wide lot.

Marbella Lakes is like no other community, located along Livingston Road in the heart of beautiful Naples, Florida. The community offers a full time Activities Director and Community Association Manager on location and the homes are centered surrounding a beautiful clubhouse and resort pool.

The home is located at 6792 Del Mar Terrace and is listed at $554,000.

Naples, Florida is a city on the Gulf of Mexico in southwest Florida that is known for high-end shopping and golf courses. The Naples Pier, first erected in 1888, is the city’s symbol, and is a popular fishing and dolphin-spotting destination. Naples is bordered by miles of beaches with calm waters and fine white “sugar” sand, including those at Clam Pass Park and Delnor-Wiggins Pass State Park. Naples is widely known as a wonderful place for those looking for a vacation home or a year-round home, with great schools and employment opportunities.

Magnificent first floor end unit with 2,845 square feet of open living space featuring three bedroom + den, three and half bath, and a two car garage, located just steps from the community pool and clubhouse.

No detail has been spared in this luxury home, which offers living like a single-family home, with high ceilings and many unique architectural features. Everything about this tastefully designed residence signals quality, with high tray ceilings, recessed lighting, solid doors, high impact resistance windows, custom window treatments, electric and manual storm shutters, tile on diagonal, hardwood-floors & much more.

The grand entry way leads to a gourmet kitchen with stainless-steel appliances, granite countertops, custom wood cabinetry opening to a grand living- room with a wall of sliders that disappear into the recessed wall bringing the outside in. The spacious master bedroom offers walk-in closets, and the master bath features marble counters and a jacuzzi tub. Two other guest suites each offer their own bathroom.

The rate of homeownership has progressively fallen since the Great Recession from 70 percent to an estimated 64 percent today. Housing industry experts say that new data indicates an approaching increase in the homeownership rate for the current year.

Real estate-focused website Trulia has evaluated the Census report and uncovered that owner households formed at two times the rate of renter households during the first quarter of this year. Per Trulia, this is an indicator that the largely anticipated millennial homeownership boom may be helping to push the homeownership rate up after 10 years of decline.

“Strong renter formation is one of the reasons why the homeownership rate has continued to drop since the onset of the housing crisis, so any sign this trend is reversing is something to take note of,” said Ralph McLaughline, Chief Economist for Trulia.

Industry professionals as well as potential homebuyers have credited the inability of young renters to come up with the money for a down payment as a primary obstacle in entering the housing market. Seventy percent of the renters who recently participated in a survey conducted by Zillow said that saving up enough money for a down payment is a bigger obstacle than any concerns over debt from student loans or other debts.

Homeownership rates in the first quarter of this year were highest among homeowners aged 65 and older (78.6 percent), while the homeownership rates were the lowest for homeowners aged 35 and younger (34.3 percent).

Other Census report data relevant to this topic includes:

Homeowner vacancy rate was 1.7 percent for the first quarter of 2017, while the renter vacancy rate was 7 percent.

3 percent of the United States’ housing was occupied in the first quarter of 2017, with 55.5 percent owner-occupied and 31.8 percent renter-occupied.

A recent survey by National Association of REALTORS® (NAR) shows that approximately eight out of ten Americans still believe strongly that buying a home is a good financial choice.

This four bedroom and three and a half bath single family home located at 650 Jacana Circle in a gated Naples community has just been reduced to $825,000.

Featuring 3,407 square feet, this estate home offers spectacular long lake views in this quiet and beautiful gated community. The home has a two-car garage situated on a corner, oversized lot at the end of cul-de-sac. Extended brick-layered driveway welcomes you to grand entrance through double French doors. Vaulted ceilings and sky lighting throughout home as well large sliding glass doors all throughout allowing natural light to be present. Gorgeous wood floors throughout great room and sliding doors opening up to spacious lanai. The home’s spacious chef’s kitchen is perfect for entertaining and overlooks a formal dining area with lake views. The kitchen also features a built in desk and breakfast bar.

The master bedroom features two large walk-in closets and spacious master suite with separate tub and shower. Enclosed screened in lanai is accessible from almost all areas of the home and features brick layer paving, below ground pool and spa, overlooking lush landscaping and long lake views. Naples Bath & Tennis is located within walking distance to shopping and entertainment yet is private and tranquil.

This Naples community offers a fitness center, yoga, pool, spa, and is home to the Sanchez-Casal Tennis Academy.